{"id":569159,"date":"2020-02-16T05:45:25","date_gmt":"2020-02-16T05:45:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/raya-approves-selling-31-stake-in-its-transport-arm\/"},"modified":"2020-02-16T05:45:25","modified_gmt":"2020-02-16T05:45:25","slug":"raya-approves-selling-31-stake-in-its-transport-arm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/raya-approves-selling-31-stake-in-its-transport-arm\/","title":{"rendered":"Raya approves selling 31% stake in its transport arm"},"content":{"rendered":"

M&A WATCH- Raya approves sale of 31% stake in its transport arm:<\/strong> Raya Holding board of directors has agreed to sell a 31.16% stake in its Ostool Shipping Company to Paradigm Logistics for EGP 133 mn, according to an EGX filing (pdf)<\/a>. Raya will be selling 12.4 mn shares (half of its 62.3% stake), each priced at EGP 10.7, while the latest evaluation of Ostool shares were at EGP 3.34. The document makes no mention of whether Raya will retain management rights, which sources said last week<\/a> was one of their conditions to agreeing to the sale.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- Raya approves sale of 31% stake in its transport arm: Raya Holding board of directors has agreed to sell a 31.16% stake in its Ostool Shipping Company to Paradigm Logistics for EGP 133 mn, according to an EGX filing (pdf). Raya will be selling 12.4 mn shares (half of its 62.3% stake), each […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,183,145,7128,1985,476,614,2380,207,10267],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-569159","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-fintech","tag-logistics","tag-ma-watch","tag-ostool","tag-paradigm-logistics","tag-raya-holding","tag-speed-round","tag-transport","tag-virgin-island","wpautop","entry"],"acf":{"mongo_id":"92ceb791-e429-416c-be24-e2ffc096dbea","is_powered_by":true,"section_story_id":"452adb89-769a-4d1d-a084-7aa4d511604a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[569146],"teaser":"","voice_url":""},"yoast_head":"\nRaya approves selling 31% stake in its transport arm - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/raya-approves-selling-31-stake-in-its-transport-arm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raya approves selling 31% stake in its transport arm\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- Raya approves sale of 31% stake in its transport arm: Raya Holding board of directors has agreed to sell a 31.16% stake in its Ostool Shipping Company to Paradigm Logistics for EGP 133 mn, according to an EGX filing (pdf). Raya will be selling 12.4 mn shares (half of its 62.3% stake), each […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/raya-approves-selling-31-stake-in-its-transport-arm\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-16T05:45:25+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/raya-approves-selling-31-stake-in-its-transport-arm\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/raya-approves-selling-31-stake-in-its-transport-arm\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Raya approves selling 31% stake in its transport arm\",\"datePublished\":\"2020-02-16T05:45:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/raya-approves-selling-31-stake-in-its-transport-arm\/\"},\"wordCount\":99,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Fintech\",\"logistics\",\"M&A Watch\",\"Ostool\",\"Paradigm Logistics\",\"Raya Holding\",\"SPEED ROUND\",\"transport\",\"Virgin Island\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/raya-approves-selling-31-stake-in-its-transport-arm\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/raya-approves-selling-31-stake-in-its-transport-arm\/\",\"name\":\"Raya approves selling 31% stake in its transport arm - 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Raya currently holds a 62.3%\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569113,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/13\/raya-may-approve-a-bid-for-31-stake-in-its-transport-arm\/","url_meta":{"origin":569159,"position":2},"title":"Raya may approve a bid for 31% stake in its transport arm","author":"enterpriseam admin","date":"13 February 2020","format":false,"excerpt":"M&A WATCH- Raya may approve bid for 31% stake in its transport arm: Raya Holding is likely to approve the EGP 133 mn offer from Paradigm Logistics to acquire a 31% stake in its Ostool Shipping Company, Al Mal reports, citing unnamed sources. Unnamed sources said that the company will\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546892,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/01\/raya-finalizes-ostool-sale\/","url_meta":{"origin":569159,"position":3},"title":"Raya finalizes Ostool sale","author":"enterpriseam admin","date":"1 June 2022","format":false,"excerpt":"Raya Holding is close to selling its 62.3% stake in freight subsidiary Ostool to Paradigm Logistics for EGP 266.6 mn, it said in a disclosure to the EGX (pdf) yesterday. 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